Cancellation and Surrender. Should the Indebtedness secured by this Security Deed be paid according to the tenor and effect thereof when the same shall become due and payable, and should Grantor perform all obligations in a timely manner, then this Security Deed shall be cancelled and surrendered.
Appears in 2 contracts
Samples: And Security Agreement (Koger Equity Inc), And Security Agreement (Koger Equity Inc)
Cancellation and Surrender. Should the Indebtedness secured by this Security Deed be paid according to the tenor and effect thereof when the same shall become due and payable, and should Grantor perform all obligations Obligations in a timely manner, and if Grantor shall keep, perform and observe each of the covenants, agreements and provisions in this Security Deed to be kept, performed and observed by Grantor then this Security Deed shall be cancelled and surrendered; provided, however, that any and all costs associated with such release to be borne by Grantor.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Tumi Holdings, Inc.), Pledge and Security Agreement (Tumi Holdings, Inc.)
Cancellation and Surrender. Should the Indebtedness Obligations secured by this Security Deed be paid according to the tenor and effect thereof when the same shall become due and payable, and should Grantor perform all obligations Obligations in a timely manner, then this Security Deed shall be cancelled and surrendered.
Appears in 1 contract
Samples: MRS Fields Financing Co Inc
Cancellation and Surrender. Should the Indebtedness secured by this Security Deed be paid according to the tenor and effect thereof when the same shall become due and payable, and should Grantor perform all obligations in a timely mannerObligations then required to be performed, then this Security Deed shall be cancelled and surrendered.
Appears in 1 contract
